Acme United Corporation reported a 15% decline in earnings per share for the second quarter of 2009 compared to the same period in 2008. Net sales decreased 16% to $19.2 million due to weak demand from the economic downturn. Gross margins also declined due to fixed costs spread over lower sales, a weaker Canadian dollar, and product mix changes. The company has reduced costs through a cost savings plan but continues investing in new product development.
"Le Spot Social Media" : La publicité sur les medias sociaux 2013 (en français)Minter Dial
Présentation faite (en français) pour ouvrir les Assises des Medias Sociaux à Innovation Napoleon. La presentation avait comme objectif de planter le décor et de donner quelques consignes pour que les publicités fonctionnent au mieux.
"Le Spot Social Media" : La publicité sur les medias sociaux 2013 (en français)Minter Dial
Présentation faite (en français) pour ouvrir les Assises des Medias Sociaux à Innovation Napoleon. La presentation avait comme objectif de planter le décor et de donner quelques consignes pour que les publicités fonctionnent au mieux.
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
how to sell pi coins effectively (from 50 - 100k pi)DOT TECH
Anywhere in the world, including Africa, America, and Europe, you can sell Pi Network Coins online and receive cash through online payment options.
Pi has not yet been launched on any exchange because we are currently using the confined Mainnet. The planned launch date for Pi is June 28, 2026.
Reselling to investors who want to hold until the mainnet launch in 2026 is currently the sole way to sell.
Consequently, right now. All you need to do is select the right pi network provider.
Who is a pi merchant?
An individual who buys coins from miners on the pi network and resells them to investors hoping to hang onto them until the mainnet is launched is known as a pi merchant.
debuts.
I'll provide you the Telegram username
@Pi_vendor_247
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
when will pi network coin be available on crypto exchange.DOT TECH
There is no set date for when Pi coins will enter the market.
However, the developers are working hard to get them released as soon as possible.
Once they are available, users will be able to exchange other cryptocurrencies for Pi coins on designated exchanges.
But for now the only way to sell your pi coins is through verified pi vendor.
Here is the telegram contact of my personal pi vendor
@Pi_vendor_247
Poonawalla Fincorp and IndusInd Bank Introduce New Co-Branded Credit Cardnickysharmasucks
The unveiling of the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card marks a notable milestone in the Indian financial landscape, showcasing a successful partnership between two leading institutions, Poonawalla Fincorp and IndusInd Bank. This co-branded credit card not only offers users a plethora of benefits but also reflects a commitment to innovation and adaptation. With a focus on providing value-driven and customer-centric solutions, this launch represents more than just a new product—it signifies a step towards redefining the banking experience for millions. Promising convenience, rewards, and a touch of luxury in everyday financial transactions, this collaboration aims to cater to the evolving needs of customers and set new standards in the industry.
how can I sell my pi coins for cash in a pi APPDOT TECH
You can't sell your pi coins in the pi network app. because it is not listed yet on any exchange.
The only way you can sell is by trading your pi coins with an investor (a person looking forward to hold massive amounts of pi coins before mainnet launch) .
You don't need to meet the investor directly all the trades are done with a pi vendor/merchant (a person that buys the pi coins from miners and resell it to investors)
I Will leave The telegram contact of my personal pi vendor, if you are finding a legitimate one.
@Pi_vendor_247
#pi network
#pi coins
#money
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
1. FORM 8-K
ACME UNITED CORP - ACU
Filed: July 17, 2009 (period: July 17, 2009)
Report of unscheduled material events or corporate changes.
2. Table of Contents
8-K - FORM 8-K
ITEM 2.02. RESULTS OF OPERATIONS AND FINANCIAL
CONDITION.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
SIGNATURES
EXHIBIT INDEX
EX-99 (EXHIBIT 99.1)
3. ================================================================================
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
------------------
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of report (date of earliest event reported): July 17, 2009
ACME UNITED CORPORATION
(Exact name of registrant as specified in its charter)
------------------
Connecticut 001-07698 06-0236700
(State or other jurisdiction of (Commission (I.R.S. Employer
incorporation or organization) file number) Identification No.)
60 Round Hill Road, Fairfield, Connecticut 06824
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (203) 254-6060
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
[_] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[_] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[_] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[_] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
(1)
Source: ACME UNITED CORP, 8-K, July 17, 2009
4. ITEM 2.02. RESULTS OF OPERATIONS AND FINANCIAL CONDITION.
On July 17, 2009, Acme United Corporation (the "Company") issued a press release
announcing its financial results for the quarter ended June 30, 2009. A copy of
the press release is attached as Exhibit 99.1 to this current report.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits
Exhibit Number Description
-------------- -----------
99.1 Press release dated July 17, 2009.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
ACME UNITED CORPORATION
By /s/ WALTER C. JOHNSEN
------------------------------
Walter C. Johnsen
Chairman and
Chief Executive Officer
Dated: July 17, 2009
By /s/ PAUL G. DRISCOLL
------------------------------
Paul G. Driscoll
Vice President and
Chief Financial Officer
Dated: July 17, 2009
(2)
Source: ACME UNITED CORP, 8-K, July 17, 2009
5. EXHIBIT INDEX
Exhibit Number Description
-------------- -----------
99.1 Press release dated July 17, 2009.
(3)
Source: ACME UNITED CORP, 8-K, July 17, 2009
6. EXHIBIT 99.1
ACME UNITED CORPORATION NEWS RELEASE
--------------------------------------------------------------------------------
CONTACT: Paul G. Driscoll
Acme United Corporation
60 Round Hill Road Fairfield, CT 06824
Phone: (203) 254-6060 FAX: (203) 254-6521
--------------------------------------------------------------------------------
FOR IMMEDIATE RELEASE July 17, 2009
-------------------------------------
ACME UNITED CORPORATION REPORTS 15% DECLINE IN SECOND QUARTER EARNINGS PER SHARE
FAIRFIELD, CONN. - July 17, 2009 - Acme United Corporation (NYSE
AMEX:ACU) today announced that net sales for the second quarter ended June 30,
2009 were $19.2 million, compared to $22.7 million in the comparable period of
2008, a decrease of 16% (13% in local currency). Net income was $1,341,000, or
$.40 per diluted share, for the quarter ended June 30, 2009, compared to
$1,730,000 or $.47 per diluted share for the comparable period last year, a
decrease of 22% in net income and 15% in diluted earnings per share.
Net sales for the six months ended June 30, 2009 were $30.5 million,
compared to $37.0 million in the same period in 2008, a decrease of 18% (14% in
local currency). Net income for the six months ended June 30, 2009 was
$1,383,000, or $.41 per diluted share, compared to $2,482,000, or $.68 per
diluted share in the comparable period last year, a 44% decrease in net income
and 40% in diluted earnings per share. The lower net income is primarily the
result of lower sales, partially offset by savings resulting from our cost
savings plan.
Net sales for the quarter ended June 30, 2009 in the U.S. segment
decreased 17% compared to the same period in 2008. Net sales for the six months
ended June 30, 2009 in the U.S. segment decreased 19% compared to the same
period in 2008. Net sales in Canada for the three and six months ended June 30,
2009 decreased by 12% and 17%, respectively, in U.S. dollars but declined
approximately 1% for both periods respectively, in local currency compared to
the same periods in 2008. European net sales for the three and six months ended
June 30, 2009 decreased 3% and 5%, respectively, in U.S. dollars compared to the
same periods in 2008 but increased 11% and 9% respectively, in local currency.
Sales in Europe increased (in local currency) primarily due to increased
distribution of manicure products.
(1)
Source: ACME UNITED CORP, 8-K, July 17, 2009
7. Gross margins were 37.1% in the second quarter of 2009 versus 39.3% in
the comparable period last year. For the first six months of 2009, gross margins
were 37.4% compared to 40.3% in the same period in 2008. The gross margin
decline for the three and six month periods was primarily due to fixed costs
spread over lower sales, the weaker Canadian dollar which raised the cost of
products in our Canadian segment and product mix.
Walter C. Johnsen, Chairman and CEO said, "Our sales have been impacted
by weak demand due to the economic downturn. We have reduced costs in many
areas, but continue to fund new product development. The earnings in the second
quarter reflect aggressive attention to costs. Our debt has declined due to
working capital reductions and earnings. We believe we are well positioned to
take advantage of market opportunities during the coming quarters."
The Company's bank debt less cash on June 30, 2009 was $8.9 million
compared to $11.3 million on June 30, 2008. During the 12 month period ended
June 30, 2009, Acme purchased 208,065 shares of its common stock for
approximately $1.9 million and paid $700,000 in dividends. As of June 30, 2009,
there were 124,335 shares that may be purchased under the outstanding stock
repurchase programs.
ACME UNITED CORPORATION is a leading worldwide supplier of innovative
cutting, measuring and safety products to the school, home, office and
industrial markets.
Forward-looking statements in this report, including without
limitation, statements related to the Company's plans, strategies, objectives,
expectations, intentions and adequacy of resources, are made pursuant to the
safe harbor provisions of the Private Securities Litigation Reform Act of 1995.
Investors are cautioned that such forward-looking statements involve risks and
uncertainties including, without limitation, the following: (i) the Company's
plans, strategies, objectives, expectations and intentions are subject to change
at any time at the discretion of the Company; (ii) the impact of current
uncertainties in global economic conditions and the ongoing financial crisis
affecting the domestic and foreign banking system and financial markets,
including the impact on the Company's suppliers and customers (iii) currency
fluctuations (iv) the Company's plans and results of operations will be affected
by the Company's ability to manage its growth, and (v) other risks and
uncertainties indicated from time to time in the Company's filings with the
Securities and Exchange Commission.
# # #
(2)
Source: ACME UNITED CORP, 8-K, July 17, 2009
8. ACME UNITED CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
SECOND QUARTER REPORT 2009
(Unaudited)
Quarter Ended Quarter Ended
Amounts in $000's except per share data June 30, 2009 June 30, 2008
--------------------------------------------------------------------------------------------------------------
Net sales $ 19,161 $ 22,708
Cost of goods sold 12,056 13,790
---------------- ----------------
Gross profit 7,105 8,918
Selling, general, and administrative expenses 5,086 6,121
---------------- ----------------
Income from operations 2,019 2,797
Interest expense (44) (121)
Interest income 31 31
---------------- ----------------
Net interest expense (13) (90)
Other income (expense) 30 (24)
---------------- ----------------
Total other income (expense) 17 (114)
Pre-tax income 2,036 2,683
---------------- ----------------
Income tax expense 695 953
---------------- ----------------
Net income $ 1,341 $ 1,730
================ ================
Shares outstanding - Basic 3,325 3,518
Shares outstanding - Diluted 3,388 3,665
Earnings per share basic $ 0.40 $ 0.49
Earnings per share diluted 0.40 0.47
(3)
Source: ACME UNITED CORP, 8-K, July 17, 2009
9. ACME UNITED CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
SECOND QUARTER REPORT 2009 (cont.)
(Unaudited)
Six Months Ended Six Months Ended
Amounts in $000's except per share data June 30, 2009 June 30, 2008
--------------------------------------------------------------------------------------------------------------
Net sales $ 30,458 $ 36,977
Cost of goods sold 19,056 22,073
---------------- ----------------
Gross profit 11,402 14,904
Selling, general, and administrative expenses 9,302 11,039
---------------- ----------------
Income from operations 2,100 3,865
Interest expense (86) (255)
Interest income 66 69
---------------- ----------------
Net interest expense (20) (186)
Other income 19 162
---------------- ----------------
Total other (expense) (1) (24)
Pre-tax income 2,099 3,841
---------------- ----------------
Income tax expense 716 1,358
---------------- ----------------
Net income $ 1,383 $ 2,483
================ ================
Shares outstanding - Basic 3,336 3,519
Shares outstanding - Diluted 3,396 3,666
Earnings per share basic $ 0.41 $ 0.71
Earnings per share diluted 0.41 0.68
(4)
Source: ACME UNITED CORP, 8-K, July 17, 2009
10. ACME UNITED CORPORATION
CONDENSED CONSOLIDATED BALANCE SHEETS
SECOND QUARTER REPORT 2009
(Unaudited)
Amounts in $000's June 30, 2009 June 30, 2008
---------------------------------------------------------------------------------------------------------
Assets:
Current assets:
Cash $ 3,228 $ 3,703
Accounts receivable, net 18,467 20,852
Inventories 19,299 21,458
Prepaid and other current assets 961 1,121
-------------------- --------------------
Total current assets 41,955 47,134
Property and equipment, net 2,249 2,479
Long term receivable 1,919 -
Other assets 2,509 1,927
-------------------- --------------------
Total assets $ 48,632 $ 51,540
==================== ====================
Liabilities and stockholders' equity:
Current liabilities
Accounts payable $ 4,276 $ 6,623
Other current liabilities 6,131 4,631
Bank debt due June 30, 2010 12,122 -
-------------------- --------------------
Total current liabilities 22,529 11,253
Bank debt due June 30, 2010 - 14,992
Other non current liabilities 1,995 551
-------------------- --------------------
24,524 26,796
Total stockholders' equity 24,108 24,744
-------------------- --------------------
Total liabilities and stockholders' equity $ 48,632 $ 51,540
==================== ====================
(5)
_______________________________________________
Created by 10KWizard www.10KWizard.com
Source: ACME UNITED CORP, 8-K, July 17, 2009